Aug 22 (Reuters) - Santos Ltd (STO) :
- SANTOS ANNOUNCES ACQUISITION OF QUADRANT ENERGY
- DEAL FOR US$2.15 BILLION
- TRANSACTION LOWERS PROFORMA 2018 FORECAST FREE CASH FLOW BREAKEVEN OIL PRICE BY A FURTHER $4/BBL
- "IT (DEAL) MATERIALLY VALUE ACCRETIVE FOR SANTOS SHAREHOLDERS"
- ANNOUNCES ACQUISITION OF 100% OF QUADRANT ENERGY (QUADRANT)
- SANTOS CONFIRMS THERE IS NO CHANGE TO COMPANY'S DIVIDEND POLICY ANNOUNCED ON 28 JUNE 2018
- ACQUISITION IS FULLY FUNDED FROM EXISTING CASH RESOURCES AND US$1.2 BILLION IN NEW COMMITTED DEBT FACILITIES
- PROVIDES COMBINATION SYNERGIES ESTIMATED AT US$30-50 MILLION PER ANNUM
- DEAL COMPLETION EXPECTED BY END OF 2018 AND SUBJECT TO CUSTOMARY CONSENTS AND REGULATORY APPROVALS
- DEAL VALUE TO ALSO INCLUDE POTENTIAL CONTINGENT PAYMENTS RELATED TO BEDOUT BASIN
News: STO Santos Announces Acquisition Of Quadrant Energy
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Last
$6.72 |
Change
0.030(0.45%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 104139 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 10465 | 2 |
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